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I’m a sucker for a good flowchart because they either can help to simplify analysis or they can show how something is very complex.
Some of my favorites include:
- This explanation of double taxation.
- This depiction of the no-win Greek economic crisis.
- Portrayals of Obamacare complexity here and here.
I’d like to see a good fiscal policy flowchart, one that captures all the options for policymakers.
I created a matrix early last year to illustrate some of the goals and tradeoffs, but it wasn’t comprehensive.
Well, the folks at the UK-based Social Market Foundation have stepped into the breach and put together a flowchart that seems to cover every option.
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Daniel J. Mitchell
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Daniel J. Mitchell is a top expert on tax reform and supply-side tax policy at the Cato Institute.
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